Bourne Lent Asset Management Inc. Lowers Holdings in United Parcel Service, Inc. (NYSE:UPS)

Bourne Lent Asset Management Inc. decreased its position in United Parcel Service, Inc. (NYSE:UPS) by 1.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,408 shares of the transportation company’s stock after selling 250 shares during the quarter. United Parcel Service accounts for about 1.2% of Bourne Lent Asset Management Inc.’s holdings, making the stock its 19th biggest holding. Bourne Lent Asset Management Inc.’s holdings in United Parcel Service were worth $2,795,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in UPS. IMG Wealth Management Inc. acquired a new position in shares of United Parcel Service in the 4th quarter valued at $25,000. Generali Investments Management Co LLC acquired a new position in United Parcel Service in the 4th quarter valued at about $26,000. Pinney & Scofield Inc. acquired a new position in United Parcel Service in the 4th quarter valued at about $27,000. Fourth Dimension Wealth LLC acquired a new position in shares of United Parcel Service during the 4th quarter valued at about $28,000. Finally, Runnymede Capital Advisors Inc. acquired a new position in shares of United Parcel Service during the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 60.26% of the company’s stock.

Analysts Set New Price Targets

UPS has been the subject of a number of research reports. Stifel Nicolaus decreased their target price on United Parcel Service from $145.00 to $124.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. HSBC lowered United Parcel Service from a “buy” rating to a “hold” rating and set a $105.00 price target on the stock. in a research report on Thursday, May 1st. JPMorgan Chase & Co. dropped their price target on United Parcel Service from $120.00 to $115.00 and set a “neutral” rating on the stock in a research report on Monday, April 7th. Raymond James dropped their target price on United Parcel Service from $145.00 to $130.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, April 9th. Finally, Citigroup dropped their target price on United Parcel Service from $149.00 to $123.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $120.26.

United Parcel Service Trading Up 1.4%

NYSE:UPS opened at $98.24 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 1.16. United Parcel Service, Inc. has a 1-year low of $90.55 and a 1-year high of $148.15. The firm has a market capitalization of $83.19 billion, a price-to-earnings ratio of 14.53, a price-to-earnings-growth ratio of 1.55 and a beta of 1.22. The stock has a fifty day simple moving average of $97.32 and a 200 day simple moving average of $113.86.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results on Tuesday, April 29th. The transportation company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.11. The business had revenue of $21.50 billion during the quarter, compared to analyst estimates of $21.25 billion. United Parcel Service had a return on equity of 39.13% and a net margin of 6.35%. United Parcel Service’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter last year, the company posted $1.43 EPS. Sell-side analysts forecast that United Parcel Service, Inc. will post 7.95 earnings per share for the current year.

United Parcel Service Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were paid a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 6.68%. The ex-dividend date was Monday, May 19th. United Parcel Service’s dividend payout ratio is currently 95.63%.

United Parcel Service Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.